0001628280-19-000108.txt : 20190104
0001628280-19-000108.hdr.sgml : 20190104
20190104160948
ACCESSION NUMBER: 0001628280-19-000108
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190102
FILED AS OF DATE: 20190104
DATE AS OF CHANGE: 20190104
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Rallo James M
CENTRAL INDEX KEY: 0001352659
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-51813
FILM NUMBER: 19510111
MAIL ADDRESS:
STREET 1: C/O LIQUIDITY SERVICES INC.
STREET 2: 1920 L STREET, N.W., 6TH FLOOR
CITY: WASHINGTON
STATE: DC
ZIP: 20036
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LIQUIDITY SERVICES INC
CENTRAL INDEX KEY: 0001235468
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 522209244
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 6931 ARLINGTON ROAD
STREET 2: SUITE 200
CITY: BETHESDA
STATE: MD
ZIP: 20814
BUSINESS PHONE: 2024676868
MAIL ADDRESS:
STREET 1: 6931 ARLINGTON ROAD
STREET 2: SUITE 200
CITY: BETHESDA
STATE: MD
ZIP: 20814
4
1
wf-form4_154663616885515.xml
FORM 4
X0306
4
2019-01-02
0
0001235468
LIQUIDITY SERVICES INC
LQDT
0001352659
Rallo James M
C/O LIQUIDITY SERVICES, INC.
6931 ARLINGTON ROAD, SUITE 200
BETHESDA
MD
20814
0
1
0
0
President RSCG and CAG
Common Stock
2019-01-02
4
J
0
4090
0
A
4090
D
Common Stock
2019-01-02
4
S
0
4090
6.12
D
0
D
Common Stock
15039
I
By James M. Rallo 401k
Common Stock
8000
I
By James M. Rallo IRA
Common Stock
685
I
By James M. Rallo Cust. Michael Rallo MD UTMA
Common Stock
460
I
By James M. Rallo Cust. Melissa Rallo MD UTMA
Employee Stock Option
7.48
2018-10-01
Common Stock
2338.0
2338
D
Employee Stock Option
15.47
2020-10-01
Common Stock
6678.0
6678
D
Employee Stock Grant
15.47
2020-10-01
Common Stock
5527.0
5527
D
Employee Stock Option
31.37
2021-10-01
Common Stock
12358.0
12358
D
Employee Stock Option
38.09
2022-10-01
Common Stock
3335.0
3335
D
Employee Stock Option
29.47
2023-07-18
Common Stock
24871.0
24871
D
Employee Stock Option
21.99
2023-10-01
Common Stock
9938.0
9938
D
Employee Stock Option
10.41
2024-10-01
Common Stock
12675.0
12675
D
Employee Stock Grant
6.63
2025-10-01
Common Stock
6380.0
6380
D
Employee Stock Grant
6.63
2025-10-01
Common Stock
1595.0
1595
D
Employee Stock Option
6.63
2025-10-01
Common Stock
13987.0
13987
D
Employee Stock Option
6.63
2025-10-01
Common Stock
3497.0
3497
D
Employee Stock Grant
8.3
2026-10-01
Common Stock
3925.0
3925
D
Employee Stock Grant
8.3
2026-10-01
Common Stock
7850.0
7850
D
Employee Stock Option
8.3
2026-10-01
Common Stock
4650.0
4650
D
Employee Stock Option
8.3
2026-10-01
Common Stock
4650.0
4650
D
Employee Stock Option
4.47
2027-10-01
Common Stock
93420.0
93420
D
Employee Stock Grant
4.47
2027-10-01
Common Stock
24540.0
24540
D
Employee Stock Option
4.47
2027-10-01
Common Stock
62280.0
62280
D
Employee Stock Grant
4.47
2019-01-02
4
J
0
4090
6.12
D
2027-10-01
Common Stock
16360.0
12270
D
Employee Stock Option
6.11
2028-10-01
Common Stock
36550.0
36550
D
Employee Stock Grant
6.11
2028-10-01
Common Stock
5950.0
5950
D
Employee Stock Option
6.11
2028-10-01
Common Stock
36550.0
36550
D
Employee Stock Grant
6.11
2028-10-01
Common Stock
5950.0
5950
D
Represents the vesting of restricted stock.
Represents reporting person's advance election to sell upon vesting such restricted shares.
The number of securities shown as being held in Issuer's 401(k) account for the Reporting Person's benefit is the approximate number of shares of common stock. De minimis fractional interests reported by the Issuer's 401(k) Plan trustee/administrator and held indirectly through the Plan's stock purchase account are not reflected.
Mr. Rallo disclaims beneficial ownership of these shares.
These options became fully vested on October 1, 2013.
These options became fully vested on October 1, 2014.
These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
These options became fully vested on October 1, 2015.
These options became fully vested on October 1, 2016.
Twenty-five percent of this option grant vested on July 18, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
These options became fully vested on October 1, 2017.
Twenty-five percent of this option grant vested on October 1, 2015 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
Twenty-five percent of this restricted stock grant vested on October 1, 2016 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
Twenty-five percent of this option grant vested on October 1, 2016 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
75% of the options were certified as vested on December 6, 2018. The remaining options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
Twenty-five percent of this restricted stock grant vested on April 1, 2018 and thereafter 1/4th of the restricted stock grant will vest on each of October 1, 2018, October 1, 2019, and October 1, 2020.
18/48th of this option grant vested on April 1, 2018 and thereafter 1/48th of this option grant will vest each month for thirty months.
This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
This option becomes exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock
These restricted stock units vest, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock.
15/48th of this option grant will vest on January 1, 2019 and thereafter 1/48th of the option grant will vest each month for thirty three months.
Twenty-five percent of this restricted stock grant vested on January 1, 2019 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2019, October 1, 2020, and October 1, 2021.
15/48th of this option grant will vest on January 1, 2020 and thereafter 1/48th of the option grant will vest each month for thirty three months.
Twenty-five percent of this restricted stock grant will vest on January 1, 2020 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2020, October 1, 2021, and October 1, 2022.
/s/ Mark A. Shaffer, by power of attorney
2019-01-04